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, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
minutes that window was big enough and right in time for the shuttle to take off today. >> chad, same kind of rules apply, weather standards for the landing that's coming in 12 days? >> a little bit even -- i would say a little bit more conditional on the rain factor because it's a bigger circle. right now all we had to do was shoot this thing straight up. when we land this thing it has to be very dry. you can't have showers around it. think of a dry day in florida in the summertime. you have to go up edwards, one time to white sands but you cannot fly the shuttle because it's screaming hot. thousands of degrees, you can't bly that through a rain shower. the criteria more tense, harder to get through to land this thing back here at kennedy, but they have a big time -- they're going to have a big-time party when this thing finally does come back here. >> chad myers, appreciate that breakdown. good to see you, as always. thanks to our john zarrella. eight minutes past the hour. >>> sound effect is the u.s. labor market sputtering to a virtual standstill. as you know by now, the economy added
this isn't the end, this is the beginning of a new chapter, but the big question remains is what does the next chapter entail? talking up live here from the kennedy space center over the next couple of hours, a special guest including bob crippen, the first of two astronauts to fly up on sts 1 back in 1981. we'll talk to him of what happened then and what he thinks of this whole 30-year era and his thoughts on what's next. also, the man who built the engine of this current rocket, of the current space shuttle "atlantis," and he has some reservations about sort of the nebulous -- the nebulous outlook for manned space flight. a lot more coming at you. just heard the rain picking up again, and if we hear anything more about that possible lightning strike near that launchpad, which is just about three miles over my shoulder, we'll bring it to you live. edie, back knew you in atlanta. >> not what they want to hear or see out there. we'll join you again in a few minutes. >>> now a scandal that's worthy of tabloid headlines itself. journalists working for "news of the world," one of the bigg
crisis at a time when she is surging in the polls ahead one of the big favorites sarah palin. jonathan karl is in washington and has more on all this. good morning, jon. >> reporter: good morning, robin. there is no presidential candidate with more momentum right now than michele bachmann. ♪ my home in -- >> reporter: no republican presidential candidate has taken a harder line on the debt ceiling showdown than michele bachmann. >> we were all shocked and appalled that president obama dangled out in front of the cameras that senior citizens may not get their checks. that's a very dangerous statement to make. we don't believe -- excuse me. excuse me. we don't believe that for a moment. >> reporter: tough talk from bachmann is nothing new but she now speaks with new-found authority as a top tier contender for the republican presidential nomination. a new national poll puts bachmann firmly in second place as the leading challenger to front-runner mitt romney. and in key first caucus state iowa, three separate polls over the past week put bachmann in first place. >> republican primary vo
's the main points? >> this is really great news. giving parents choices. the big change is that on menus that participate in this program there will be meals with at least one combination of -- that has 600 calories or less and with that, the side dish will have to be 200 calories or less more than that, looking at the types of foods, to make sure they're in line with the guidelines, increased fruits and vegetables. lean protein, whole grains and low fat dairy. >> choices are good. options are good, but the difference, what's the real difference here? >> well, you know, that's the big question. there is a recent study out of yale and looked at 20 fast food chains, there were 3,3,0 different combinations of kids' food. only 27 of thehemet the kind of guidelines we're talking about here. the big issue is will they be promoting these healthy guidelines, or will it just be one item on the menu and kids are still going for the fries. >> kind of related is getting a lot of buzz. "the journal of the american medical association," a piece where harvard doctors are suggesting if you have a child
's office admits it is a big blow to the department. >> it was a tough blow to swallow to let those highly trained officers go. to ruse 66 officers with that training, that's a huge investment the city has basically lost. >> reporter: he said the training is crucial for a person who might not understand why police have a gun pointed at him. the police department says it will pull officers from other beats if it has to to respond to a cit incident. the department concedes that will delay response time. we're at police headquarters, nbc bay area news. >>> we have some breaking news to share with you. she was one of the most active and socially forward and well known first ladies of our time. but today, betty ford has died at the age of 93. betty ford was married to former president gerald ford for 58 years. he also died in 2006 at the age of 93. elizabeth ann warren ford was born april 8, 1918. she was known as betty ford and won't to also serve as the first lady of the united states from 1974 to 1977. she was very active in social policy, shattering lots of precedents and had a very moderat
. >> reporter: gary wong, a san francisco native, was on his first big getaway after retirement. he says he can still hear the cries of his fishing companions. >> this guy was yelling for help, help me. oh, god. help me, help me. oh, god. the water is all the way up to his head. >> reporter: all 44 people on board thrust into pitch black ocean water forced to cling for life using whatever they could find. now all they can think about is finding their missing brother. >> we're not leaving until we find him. i mean, one way or another. >> reporter: new mexican navy and the u.s. coast guard will be back at it again today searching by boat and aircraft trying to find these missing seven men. george? >> okay, abbie, thanks. >>> the water is relatively warm and relatively calm right now. >> fingers crossed. >>> the waiting game has begun in the casey anthony trial. the jury began deliberating yesterday following two days of closing arguments that have been incredibly contentious. ashleigh banfield is in orlando with the latest this morning. good morning, ashleigh. >> reporter: good morning, elizabeth
on this bill today. but i think one of the big problems you face is that once he does send -- gets this through, if he does get it through, it's going to be very hard to get any of his republicans to vote for the real compromise in a day or two or three. >> reporter: well, that's exactly right. both of your points right. first of all, there are no negotiations going on in that final compromise right now because all the focus is getting this passed in the house. speaker boehner isn't exactly taking calls now from democrats. but he's trying to get his own republicans in line. once he does this, this is going to be very difficult for him to get -- to go any further by way of compromise. if there is a compromise, it's going to take a lot of democrats to pass it in the house. >> a lot of democrats, that's exactly right. okay, jon karl, jake tapper, thanks very much. key market openings sunday night, the next big deadline to watch for, as well. >> reporter: that's right. >> the asian market. elizabeth, this is just so uncertain going into the final weekend. >> well, and certainly the public is starti
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
by natural disaster and nuclear calamities a big reason to smile, "today," monday, july 18th, 2011. captions paid for by nbc-universal television >>> welcome to "today" on this monday morning. i'm ann curry. >> and i'm lester holt in for matt. i think we both watched that match yesterday. you've got to feel good about the u.s. team. we were disappointed, but what a performance they put on and what a great thing they did for american soccer. >> that's right. for women's soccer, particularly, bringing it to a new level of cool. men and boys, women and girls, nationwide, watching them play. i think that they're winners in that regard. >> and the japanese certainly have something to feel good about after a really rough year. and i love the fact they thanked the world for the support they have had. >> and they continue to thank, actually, after every game. so it's a pretty exciting bit. >>> in the meantime, another major story, the fact of this heatwave. millions of americans are sweltering in this dangerous heat and humidity today. how long will it last? how bad will it be? well, al has the fore
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. president obama making it clear with 23 days to go befor
. >> oh, my gosh. everything's big in texas. >> and a year in jail. unbelievable. >> you can catch our legal guys every saturday noon eastern right here in the "cnn newsroom." -- captions by vitac -- www.vitac.com >>> the u.s. is withholding $800 million in aid to pakistan. president obama's chief of staff confirmed the move today. william daley says pakistan has, quote, taken some steps that have given us reason to pause, end quote. the pakistani military tells cnn it has not been officially informed that aid from washington is being withheld. >>> with the final edition of britain's popular tabloid "news of the world" on stands, rupert murdoch is hoping to limit the damage to his media empire. murdoch arrived in london today. his company's british subsidiary closed "news of the world" after reports the newspaper hacked the phone of a missing teenager who was later found dead. >>> in india 13 cars in a packed train jumped the tracks today. rescue officials confirm 28 deaths already and say that number will likely rise as they search the wreckage. more than 100 people are reported hurt.
. the big mistaking that had people thinking they had gotten the bargain of the year. >>> but first, here are your options. resign or be fired. that is the ultimatum that was just given to nearly 200 educators tied to one of the largest school cheating scandals in u.s. history. it was just over a week ago, a state investigation revealed 178 teachers, including 38 principals, woulding at 44 schools cheated for students on standardized tests in atlanta. on monday, interim superintendent erroll davis replaced four superintendents and one principal in the atlanta public school scandal. now a letter has been sent to the 178 teachers, principals and administrators who were on the state investigative report as either confessing to or being implicated in the cheating. davis has ordered that educators resign by next wednesday or they will face termination. he says the culture inside the school district has to change. >> people failed children, they cheated. and we can't allow that to happen and we can't allow anyone who was involved with that to remain in our system. >> now, staff replacement may
this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is because the president believes that this is the best thing
. >>> it will be a big day in the casey anthony murder trial. closing arguments in that murder trial is just a few hours away. court is scheduled to start at 9:00 a.m. eastern time. casey anthony, as you know, accused of murdering her 2-year-old daughter caylee yesterday. there was a vigil for caylee near the spot where her body was found. the case expected to go to the jury after closing arguments. this all began in late may. casey anthony facing seven charges, including capital murder. that means she could face the death penalty if she's found guilty. the defense and prosecution both wrapped up their cases last week. casey anthony decided not to testify in her own defense. more on that throughout the morning. >>> also, a jailhouse phone call is raising more questions about the accuser in the dominique strauss-kahn sexual assault case. the former chief of the international monetary fund was released from house arrest on friday. mr. strauss-kahn is accused of sexually assaulting a hotel maid and last week prosecutors said the accuser's story raised credibility questions. cnn national correspondent susan
are as far apart as ever on a plan to raise the debt ceiling. the president makes one last big push to get a deal done, but what happens to your bottom line if there is no deal? the effects are very real. >>> countdown. one of the most controversial figures in american life right now is just hours away from walking out of jail after being acquitted of murdering her toddler. what will casey anthony do now? can she go home? will she sell her story for a million dollars? we've got a live report. ♪ it's the end of the world as we know it ♪ >>> and carmageddon. los angeles is brought to a standstill as the busiest freeway in america is shut down overnight. millions of residents are now hunkered down in their homes refusing to go out. there are fears of gridlock, chaos and anarchy. really? ♪ light a candle >>> this carmageddon thing has the potential to be a huge mess, but we are also watching something truly extraordinary this morning. one of the most feared figures in the media world in full damage control. rupert murdoch, owner of fox news and "the wall street journal" here in the u.s.
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
? >> they are being called to testify in parliament. the big story today is that the political parties are all going to get together, go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskyb, the cable operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, r
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
reform. it is quite a big undertaking considering there isn't a lot of time left but certainly some movement that we have seen since yesterday, guy. >> any specifics? i think important people who are listening to the process of what's happening in washington, what this means for people over a longer period of time is fewer services and smaller government and maybe higher taxes or higher cost of living your life as the services go away. i mean, all of these have amazing and long lasting ramifications for how we live our lives. my specifics? >> huge long -- no. honestly in terms of the specific, i mean, we can talk generally about where the cuts would come from, entitlements, defense spending, you can see how that would affect different people and the nation as a whole. specifics, no, i think we are going to be getting, obviously, more details on that to come. let's just take a look at some of the things that some of the folks who are coming here to the white house are going to demand because, remember, president obama is hosting eight members of congress, top two democrats and top tw
was try to create a new sense of urgency to see if there's a chance to put the big deal back together that he and speaker boehner were close to having this deal last week. but in many ways, this speech was almost oh post mortem, almost setting up the blame game for the fact that no big deal is going to happen. and no matter what happens here at the end of the day, the debt ceiling is going to go up. but nobody is going to be happy about the deal. i can tell you this, ann, i had a bunch of democrats that said to me, would have been a good speech to give two weeks ago. >> i know that he called for public activism, so much so that we hear the capitol hill websites were crashing last night because so many people were trying to e-mail their representatives. it looks like he spooked main street, jim? will he spook also wall street? >> no, not at all. wall street is calm. the markets are looking good today. we had a blip down in the indicators between 9:0 and about 9:20. they came right back. no one is buying the panic, the sky-rocketing interest rates scenario. >> that said, hedge funds are
toward a vote next week. the president says he still wants a big deal. but for the first time he's opening the door on senator mitch mcconnell's fall back plan which is gaining momentum on capitol hill. chuck todd was in the briefing room for the news conference. host of "the daily rundown" and luke russert. there was a movement from the president at least towards considering the mcconnell backup plan. what are the chances he still might get what he really wants which is a bigger deal? >> to me -- in a way put together to try to get through this. what you felt was the press conference was about was trying to frame the post game debate, if you will. you heard this from the speaker. suddenly they're back to distancing themselves from the debt ceiling. let's get to the debt ceiling part. we're running out of time on that. maybe there's still time to negotiate this grand bargain. that's sort of what i heard out of this. the president will sign anything that gets to his desk that seems to get through both houses of congress at this point. and then after that, maybe there's a conversat
.d also a song >> we've got another beautiful day at central park. another big crowd gathering. can't wait to get to that but a lot of news so right to that collision on the taxiway in boston last night. hundreds of passengers evacuated after the wing of a delta jumbo jet clipped the tail of another jet just months after a similar collision here in new york and abc's lisa stark is tracking this overnight. good morning, lisa. >> reporter: well, it was two delta flights, both loaded with fuel ready for takeoff. one rams into the other. it could have been much worse. this photo taken from inside the 767 clearly shows the damage. the wing tip of the jumbo jet sliced apart. the tail of the regional plane badly mangled. >> people were freaking out. the girl next to me was right by the wing crying and trying to jump on the emergency exit for a little bit. >> everybody said, what happened? >> reporter: it was still light out, around 7:30 last night when the planes collided. the regional jet apparently turned on to a taxiway perpendicular to the taxiway that the 767 was traveling on. the delta 767
for a big deal on the debt ceiling. meeting with congressional leaders and calling for more talks on monday with a presidential news conference ahead of it. >>> meanwhile, as you see from live pictures from new york the debt clock keeps on ticking. also inflammatory words put on paper in the form of a pledge about slavery, black children, and president obama has two presidential contenders backtracking tonight. what did they mean? >>> and the british invasion. william and kate's whirlwind trip through california. cnn traveled with the royals. one stop included l.a.'s skid row. sp and -- >> as far as i'm concerned betty ford saved my life. i went in for cocaine addiction. >> the first lady who helped save the lives of some of the most famous people in the world by turning her struggle into triumph. tonight we remember betty ford who changed the way we all view addiction and recovery. >>> good evening. i'm don lemon. the debt clock just keeps ticking up. a startling reminder of just what a dire situation we are in when it comes to ongoing deficit negotiations. unless congress raises the amoun
. >> and there is more or the reason on the riot. >> big news in hollywood is last night's riot in the streets of l.a.. fans gathered at grumann's chinese theater for a documentary. dj cascade arrived on a flat bed truck an hour before the show. a massive crowd filled hollywood boulevard, blocking traffic. the premier was cancelled as police in riot gear ordered crowds to disperse this, fight broke out. authorities used rubber bullets and bean bag guns to subdue the crowd, no serious injuries were reported. amy winehouse left behind many unreleased track that's could reportedly end up in a posthumous album. sales of her first album has soared. her estate has not approved a release of new material. it's time to celebrate latinos in entertainment. and selena gomez is among a 2011 alma award and head to head with christina aguilera and cameron diaz at at wards show september 15th. >> and up next, sand in britain. why authorities say julia roberts looks too good in this ad. >> and midway rise aren't the only things making hartsz pound at the state fair. we'll run through the artery-clogging elements. >
. >>> plus, a warning to parents. backyard trampolines are becoming very popular but they also come with big safety concerns. coming up, one family shares their cautionary story. >>> we're going to meet a newborn so big doctors have already given him a nickname, the moose. at more than 16 pounds, jamichael brown could be the largest baby ever born in texas. everything is bigger in texas. he's going to join us along with his proud parents. >>> let's begin this morning with our top story. the debt ceiling standoff in washington. kristen, good morning. >> good morning to you, ann. president obama met with congressional leaders on sunday to try to get a deal done. that didn't happen. in fact, one official with knowledge of the discussion tells me it was a bit tense. lawmakers are hoping to get a deal done within the next ten days so it can be processed by that august 2nd deadline. their ties were off but the heat was on as the president and congressional leaders met sunday for a second time in less than a week to try to salvage the deal to raise the debt limit. when a reporter asked if a deal co
of the program in just a little while. >> then a big scare in north carolina's outer banks. a 6-year-old girl attacked by a shark in a foot and a half of water. her mother was just a few feet away. luckily, this little girl survived and we'll be there live in just a little while. plus some important health advice for women. a new recommendation about when and how often you should get a mammogram, but it's confusing. it contradicts another recommendation that came out a year and a half ago. what are women to do? dr. nancy snyderman will be here to help us sort all of it out. >>> let's begin with the dramatic end to the space shuttle program. tom costello is at the kennedy space center. you had a front row seat. what was it like? >> it was a dramatic day and an emotional day for everybody here and it is not over. america's space shuttle program, 30 years ongoing since 1980, '81, actually is how in the history books. "atlantis" came down at 5:57 eastern time, it was its 33rd mission. in all, it's trekked 25 million miles, 327 days in orbit and at 5:57 this morning it came on rest on runway 15. h
of oil in the area. one of the big issues we have in this area, you have a wonderful fi fish, a trout that happens to be a surface feeder. when they go up to the higher surface of the water, it interacts with the oil and that can cause a lot of damage. very swift moving river. it will help break up the oil, which will make it much easier to disperse. bad and good news mixed in. back to you. >> reynolds, thank you very much. >> you bet. >>> no holiday if you're running for the white house. paul steinhauser is joining us. >> you're working. i'm working. >> they might as well work. >> it's a good day to do it, too. a lot of parades and events. they're going to all those important early voting states. take a look at the map. michele bachman, newt gingrich, rick santorum, where will they be? iowa. mitt romney and jon huntsman will be marching in the same parade in new hampshire. herman cain will be at philadelphia's hall. no holiday at all, as you said, for the presidential candidates, kyra. >>> speaking of the fourth of july, it seems a lot of americans need to go back to school. >> yeah,
the economy still in big trouble. look at this. a slowdown in hire anything june pushing the unemployment rate now to 9.2%. only 18,000 net new jobs were added to the work force last month. at least 250,000 jobs are needed per month to drive the unemployment rate down significantly. and get this, since president obama took office we've seen the economy lose two and a half million jobs. president obama assuring americans there is a reason the numbers are so disappointing. listen to this. >> the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need in order to make additional investments to grow and hire, and we'll provide more confidence to the rest of the world as well so that they are committed to investing in america. >> molly henneberg live for us at the white house with more on the president's reaction. molly? >> hi, gretchen. clearly not the type of monthly jobs report any president wants to see. unemployment up for the third
and then this dip now? >> e.d., you talk to some analysts and they say, you know what, we had some really big shocks to the economy, to an economy that's already in trouble. first we had that ripple effect from the earthquake and tsunami in japan. that really hit manufacturers and automakers really hard and stopped production in its tracks. that's one effect and one reason we're seeing such low numbers. another reason, these higher oil prices we've been dealing with. they jacked up gas prices, so consumers pulled back on spending on other discretionary items. now, that doesn't help to give companies any extra confidence to hire when they see that nobody is, let's say, walking into their store to buy things. also these high oil prices cut into company's profit margins because for them it costs more to produce these products and distribute these products. these companies, you know, just overall, they aren't hiring. in the economy itself there is just a lot of uncertainty. if the economy would be on solid footing, then they'll hire but we're just not there. and of course amplifying this whole situation
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